Archive

Go to:

August 2017
SMTWTFS
12345
6789101112
13141516171819
20212223242526
2728293031
< Jul Sep >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

NCUA Agenda to Include Supplemental Capital ANPR
Wednesday, January 18, 2017 6:45 AM

An advanced notice of proposed rulemaking (ANPR) on alternative capital tops a short agenda for Thursday’s National Credit Union Administration meeting. The ANPR follows October’s board briefing on alternative, or supplemental, capital, and how credit unions could potentially raise it for risk-based capital purposes.

CUNA and Cornerstone have long supported providing credit unions access to supplemental capital, and are encouraged to see the NCUA follow the previous discussion with the ANPR. An ANPR is issued by an agency before it issues a proposed rule, as a way to solicit input on how to best structure a proposal.

Last year’s briefing highlighted several issues the NCUA is struggling with when constructing a rule to benefit credit unions, including how to ensure credit unions leveraging supplemental capital to not pose a safety and soundness threat, and potential effects on taxation. However, during the briefing, both NCUA Chairman Rick Metsger and board member J. Mark McWatters indicated they wished agency staff to continue to work on the issue.

The second item on Thursday’s agenda is a board briefing on statutory inflation of civil money penalties.

The meeting is scheduled to begin at 10 a.m. (ET), with a link to a live video stream available on NCUA.gov approximately 15 minutes before.